Referred to the People by the District Board

Silver Falls School District No. 4J General Obligation Bond Authorization

Question: Shall the District be authorized to issue general obligation bonds in an amount not exceeding $31,250,000? If the bonds are approved, they will be payable from taxes on property or property ownership that are not subject to the limits of sections 11 and 11b, Article XI of the Oregon Constitution.

Summary: If approved, this measure provides funds to the District to finance the costs of capital construction and capital improvements, including, but not limited to, providing funds to:

• Construct, furnish and make site improvements to Silverton High School-Pine Street Campus;

• Upgrade, remodel, furnish and make site improvements to Silverton High School-Schlador Street Campus and Mark Twain Middle School; and

• Pay bond issuance costs.

The Bonds will mature in 21 years or less.